Newmark Grubb Knight Frank (NGKF) is pleased to announce it has been selected by affiliates of Mountain Development Corp. as the exclusive leasing agent for Five Garret Mountain Plaza in Woodland Park, New Jersey. NGKF Vice Chairman and Chief Operating Officer of the New Jersey office David Simson, Executive Managing Director Frank Recine, Managing Director Blake Goodman and Associate Colleen Maguire will spearhead the leasing effort for the four-story, 101,880-square-foot building.
Mountain Development has several renovations planned for Five Garret Mountain Plaza including modernizations to the lobby landings, restrooms, a fitness center, conference center and café. The building is located on a 30-acre campus with beautiful landscaping, nature trails and centered around a private lake. The three-building campus is currently home to several major firms including PNC Bank’s regional headquarters, Gannet and St. Joseph’s Hospital and numerous other highly regarded companies. Affiliates of Mountain Development Corp. maintain ownership of all three buildings on the campus which insures that campus operates optimally for its many corporate residents.
Situated on a four-way interchange of Route 80, the property boasts ideal access to all of New Jersey’s major highways, including New Jersey Turnpike, Route 46, Route 17, Route 4 and just a few miles from the intersection of Garden State Parkway and Route 19. It is also nearby several retail services and restaurants,15 miles to the George Washington Bridge, 16.6 miles to the Lincoln Tunnel and 22 miles to Newark airport. Garret Mountain is a central located with easy aces to almost every major northern New Jersey market and to some of the region’s most desirable residential communities.
“This is a unique opportunity,” said Recine. “Five Garret is a blank canvas for a major employer to position itself on as a sole or anchor tenant with its own identity, including prominent signage, a handpicked amenity package, at the confluence of all major highways in northern New Jersey.
“We’re looking forward to presenting this property to the market and working with Mountain Development, with whom we’ve successfully collaborated on several exciting projects in the past,” said Goodman. “Ownership’s commitment to revamping Five Garret Mountain Plaza property with the latest amenities on top of the building’s convenient location is sure to make this office one of northern New Jersey’s most desirable office buildings. We’re also looking forward to working with future tenant’s design teams to create a fully contemporized environment; an opportunity not generally available in multi-tenanted properties.”
About Mountain Development Corporation
Mountain Development Corporation is a full-service real estate company with over 30 years of experience developing, acquiring, constructing, repositioning, managing, leasing and operating commercial property. The company is an active acquirer of a broad range of opportunistic and value-added real estate investments capable of generating attractive, risk-adjusted returns for both its principals and equity partners. Active throughout the Northeast, their staff includes in-house development, accounting, property management, construction, leasing and marketing professionals, enabling the company to operate autonomously and deliver expeditious, successful results.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.